Tuesday, 5 June 2018

Australia’s Home Prices Decline Annually For First Time in Six Years

Best Asia real estate editor's Comments: Unfortunately for many of my Australian friends prices of Australian real estate are dropping for the first time in years as I predicted last year.

Unfortunately I believe it's going to be an exponential drop with potential 5% to 10% average drop this year alone.

Major cities such as Sydney. Melbourne and Brisbane may see drops of as much is 20% on some expensive homes.

One reason for falling prices will be less demand from baby boomers .

For example, in Australia it is estimated that 25% of its 25 million population are baby boomers. 

If Bali only receives 1%, of those Boomers that is 6,250 Australian  baby boomers seeking to buy or lease a Bali home for the next five to twenty years. 

A large portion of those boomers currently living near Bali will want to retire here adding a whole new demand for Bali real estate for the next five to ten years.

PT. B.A.L.I. reveals that of the 55 Luxury villas that they manage less than 5% were occupied by Baby Boomers 13 years ago. Now over 25% are full-time retirees.


I will be discussing how boomers can retire in Bali and buy two or three homes for the price of what they sell their one home or apartment in major Australian cities. 

Not only can they live here but they can make money by renting out the rest of their homes while enjoying a lavish lifestyle with maids, drivers, gardeners living in a place that has clean-air. Let's not forget wonderful year-round temperatures plus friendly people with a cost of living 62% less than most average Australian major cities.

See information on my free Sydney seminars coming up at the end of June below the article.

Cooling luxury markets in Melbourne and Sydney drove the downturn nationwide



Home Prices in Melbourne, Australia fell 1.2% in the three months leading to May, the largest quarterly decline since February 2012.


A sharp downturn in the luxury markets in Melbourne and Sydney caused a major correction in Australia’s national home prices last month, according to a new report.

In May, the CoreLogic Hedonic Home Value Index fell 0.4% year-over-year to a median A$555,274 (US$424,570), marking the first negative price growth annually since October 2012, according to data released last Friday by CoreLogic, a leading market information provider.

MORE: Australian Billionaire Retailer Sells A$45M Sydney Home

It was also the eighth month in a row the index posted a month-over-month price decline since the national market peaked in September last year.

Weakening housing conditions across the eight capital cities, including Sydney and Melbourne, were mostly responsible for the price downturn at a national level, said Tim Lawless, head of research at CoreLogic.

The price index for capital cities ended May with a 1.1% decline year-over-year, while the index for other regions combined saw a 2.2% increase.
Change in Australia’s Home Prices
Region Month Quarter Annual Median Value
Sydney -0.2% -0.9% -4.2% A$871,454
Melbourne -0.5% -1.2% 2.2% A$717,020
Brisbane 0.2% 0.2% 0.9% A$494,038
Adelaide 0.5% 0.3% 0.6% A$437,234
Perth -0.1% 0.1% -1.8% A$463,319
Hobart 0.8% 3.7% 12.7% A$430,429
Darwin -0.2% 1.3% -7.9% A$434,134
Canberra -0.1% 0.8% 2.3% A$592,954
Combined Capitals -0.2% -0.6% -1.1% A$654,710
Combined Regional 0.2% 1.0% 2.2% A$365,792
National -0.1% -0.3% -0.4% A$555,274
Source: CoreLogic

In Melbourne, although home prices still grew 2.2% year-over-year, they decreased on both a monthly (-0.5%) and quarterly basis (-1.2%). The quarterly price decline is the largest since February 2012, according to the report.

The luxury segment, or the top 25% of the market in Melbourne, fell 3.3% since last September’s peak. Contrastly, the bottom 25% remained flat while the broader middle market only slipped 0.8% during the same period of time.

The price index for Sydney fell on all comparable periods, down 4.2% annually, 0.9% quarterly and 0.2% monthly.

The top 25% of the Sydney market fell 7.1% from September’s peak, compared to a 1.4% decline for the most affordable quarter of the market and a 3.3% fall for the mid-range market.

MORE: Forrest: Canberra’s Most Expensive Suburb Has Large Estates and Quiet Oak-Lined Streets

Sydney and Melbourne comprise approximately 60% of Australia’s housing market by value, “so the performance of these two cities has a larger effect on the headline market performance,” Mr. Lawless said.

Nationally, the luxury segment was also the worst performer with a 1.3% price decline over the past 12 months, making it the only segment in negative territory, according to the report.

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Free Educational Seminars: Sydney, Auckland. 

Discover how you can retire in Bali and live in luxury with private maids for a fraction of what it cost in the west.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE

3. Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

4. Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM SIGN UP HERE

Seating is very limited. 

Avoid disappointment sign up now or obtain more information. 

At these seminars you will learn about:

-The Past, Present and Future of Bali and Indonesian real estate. 

-Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years. 

-How to avoid legal problems and make sure a property is safe. 

-How to avoid complicated real estate laws affecting Indonesians married to foreigners. 

- How to obtain a inexpensive five year visa and renew it every five years,

-Why this is the second-best time to buy this century. 

-Where are the best locations to retire with maximum profits? 

-Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site designed after the largest most successful real estate site in America with high tech search features.

-An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 

-Low cost properties with Luxury Villas starting as low as U.S. $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool.

-Ridiculously low-priced ocean view building lots starting as low as U.S. $25,000 for 500 m². 

-Ocean front property in first class complex at 50 % off 2014 prices. Brand new retirement villas starting at U.S. $195,000.

-What type of properties will offer the best retirement benefits and investment potential of *10% to 20 % per year?  

- Brand New First time offered two-bedroom, two baths 200 m2 private Bali Luxury Retirement Villas stating at $198,000.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE

3. Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

4. Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM SIGN UP HERE

*Important Notice. Seminars are informational seminars only. No sales or orders will be taken at the seminars. The location of the Sydney and Auckland seminars will be announced after we determine the size of audience the week before the seminars.

About PT. B.A.L.I. DBA Best Asia Real Estate:

Best Asia Real Estate, (B.A.R.E) is a fully owned Division of 14 year old, extremely successful, PT Bali Affordable Lifestyles International, (PT. B.A.L.I)

They manage 135 staff including those of PT. Bali Luxury Villas.

They Buy, Sell, Lease and Manage Asian Real Estate.

The owners of PT. B.A.L.I. include a Canadian President who has lived in Bali for 21 years and has over 40 years of real estate brokerage, development and investment experience.

His partner and wife has a Masters degree in Indonesian law and is a fully licensed Notary specializing in Real Estate transactions. 

Partner, Notaris Azizah , Owner, President Lawrence 

Their 135 professional staff provide a one stop professional, efficient location for Buying, Selling, Leasing and Renting Asian Real Estate.

135 Staff Strong Award-Winning PT. B.A.L.I. 

They are an Eight-time Consecutive Certificate of Excellence recipient on the Worlds Largest Travel Site. This places them among the top 10 % of hotels and villas listed by Tripadvisor worldwide.

Top 2 % of Villas and Hotels listed on TripAdvisor World Wide"

They publish the daily Bali & World News & Views Blog which combined with Bali News and Views Blog has had almost 1,500,000 pageviews. They also publish the Best Asia Real Estate BlogFacebook and Twitter posts. They offer free real estate seminars throughout Asia every quarter.   
They are also one of Asia’s best-known travel and real estate investment experts. 

Head Office: Jl. Karangsari # 5, Sanur, Bali, Indonesia 80228

Tel. Office: 62-361-284069 Fax: 62-361-270143

Branch Office: Bali Paradise Beach Estates, Pantai Purnama

Mobile: or WhatsApp: English: 62-8123814014 Bahasa Indonesia: 62-8113864993 Email: lawrenceptbali@gmail.com Skype: baliagents  

*Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was published. Information and prices may change without notice. The owners of PT. BALI AFFORDABLE LIFESTYLES INTERNATIONAL doing business as BEST ASIA REAL ESTATE and PT. BALI LUXURY VILLAS accept no responsibility for incorrect information listed herein. All recommendations may lose value in the future.

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